Xunce (3317.HK) Profit Forecast: Revenue Surges past 1.28 billion + a rare track, becoming a core target for AI deployment

On the evening of March 6th, Shenzhen Xunce Technology Co., Ltd. (Stock code: 3317.HK) disclosed its profit forecast for 2025. Core performance exceeded expectations across the board: the company’s annual revenue surpassed 1.283 billion yuan, representing a explosive 102.95% doubling compared to 632 million yuan in 2024, and a 448% quarter-on-quarter surge compared to the first half of 2025. Net loss after non-recurring gains and losses significantly narrowed, with revenue in the second half of the year growing notably compared to the first half. Both revenue and loss improvements exceeded market expectations, demonstrating the strong growth momentum of this leading AI data infrastructure enterprise. Known as the “Chinese version of Palantir,” Xunce is positioning itself as the “AI Data First Bull Stock” in the second half of the large model competition, accelerating the realization of its core value logic and becoming one of the most explosive investment targets in the deep AI industry.

** Revenue Stabilized at 1.283 Billion Yuan, Both Profitability and Scale Improved**

From the core performance perspective, Xunce achieved dual breakthroughs in scale expansion and profit quality in 2025, with a significant reduction in operating losses as a key highlight, indicating continuous optimization of operational quality and steady improvement in profitability. On the revenue side, based on 2024’s revenue of 632 million yuan, the company’s full-year revenue in 2025 increased to approximately 1.283 billion yuan, doubling year-over-year. This growth rate far outpaced the industry average for real-time data infrastructure in China, visually demonstrating the company’s strong expansion capability and market competitiveness.

The profitability performance was particularly impressive. After excluding one-time non-recurring gains and losses, the company’s adjusted net loss significantly improved compared to 2024, surpassing market expectations. The trend of enhanced profitability is clear, reflecting the effectiveness of refined operations and increasing commercialization. The growth momentum shows a “second-half surge” pattern. According to the company’s 2025 semi-annual report, revenue in the first half was 198 million yuan. Combining this with full-year estimates, the second half’s revenue is projected to surge 448% quarter-on-quarter, confirming the rapid deployment of AI infrastructure solutions across various industries and the concentrated release of market demand, providing a solid foundation for doubling annual revenue.

** Four Major Engines Resonating, Driving Leapfrog Growth**

Industry analysts point out that Xunce’s performance explosion in 2025 is not accidental but a natural result of the deep resonance between AI industry dividends and the company’s core competitiveness. Four core engines have been continuously exerting force, jointly driving the company’s leapfrog growth. In 2025, large AI models will enter a critical stage of large-scale deployment, becoming the main driver of exponential growth in data demand. According to the National Data Bureau, China’s daily token consumption in AI applications surged from 100 billion at the start of 2024 to over 30 trillion by the end of June 2025—an increase of 300 times in a year and a half. This huge data processing market gap has opened up broad development space for real-time data infrastructure companies.

As an industry leader, Xunce builds a full-chain technical system centered on AI Data Agent, covering data acquisition, cleaning, standardization, real-time computation, and large model tuning. Its millisecond-level real-time data processing capability precisely matches the high-frequency, high-quality data needs during large model training and inference, serving as a core technological support for revenue doubling. Meanwhile, leveraging deep barriers accumulated in the asset management industry, the company has accelerated diversification in recent years, successfully breaking dependence on a single industry. Its business has penetrated finance (excluding asset management), urban management, production management, telecommunications, and other fields, and has served major domestic state-owned telecom subsidiaries. From 2022 to 2024, revenue contribution from diversified industries increased from 26% to 61%, becoming a key engine for revenue growth and loss reduction, continuously injecting strong momentum into performance.

Beyond diversification, the company actively explores emerging fields such as robotics data platforms and commercial aviation, where explosive growth applications have become new growth poles. The implementation of the “Data Asset Inclusion” policy further accelerates industry development, encouraging enterprises to increase investment in data infrastructure.

Additionally, corporate willingness to pay has significantly increased. Xunce’s paying users and ARPU (Average Revenue Per User) have grown for several consecutive years, solidifying the market foundation for sustained performance growth. In 2025, ARPU reached 5.56 million yuan, more than doubling from 2.72 million yuan in 2024, marking a major business breakthrough.

Efficiency Disrupts Industry, Growth Certainty Highlights

Beyond impressive performance data, Xunce’s core advantages in operational efficiency and growth potential become evident. Multiple operational indicators break through traditional software industry constraints, highlighting the high added value of the AI data infrastructure track. In terms of per capita revenue, in 2025, with revenue of 1.283 billion yuan and current team size, the per capita revenue reached 2.9 million yuan—doubling the typical 1.5 million yuan per person in traditional software companies. This achievement is attributed to the company’s modular product architecture—flexible component combination that balances scale effects with customized services, greatly improving operational efficiency and service capacity.

Notably, in terms of customer unit price and per capita output, the company has achieved steady growth for five consecutive years. This data not only reflects high customer recognition of the company’s solutions but also demonstrates ongoing deep value extraction and monetization capabilities. As the company penetrates more industry scenarios, customer lifetime value continues to rise, providing stable support for ongoing revenue growth.

From a long-term growth perspective, since 2020, the company’s revenue has maintained rapid growth. From 2020 to 2024, the compound annual growth rate of China’s real-time data infrastructure and analytics market reached 46.1%. With leading technology and market share, Xunce’s revenue growth has consistently outperformed industry averages. As revenue surpasses 1.283 billion yuan and operational efficiency improves, the trend of narrowing losses will further solidify, highlighting long-term growth certainty.

Chinese Palantir, Seizing the Core Track of the AI Second Half

As the AI industry enters a deep-water phase, Xunce’s strategic value becomes increasingly prominent. Known as the “Chinese Palantir,” the company is not only a rare leader in AI data but also a key participant in the second half of large model competition. Having focused on real-time data infrastructure for a decade, Xunce has built irreplaceable technological and industry barriers. In 2024, it ranked fourth in China’s real-time data infrastructure and analytics market, with an 11.6% market share in asset management, maintaining the top position and forming a strong competitive advantage.

As competition in large AI models becomes increasingly homogenized, industry consensus has formed: in the second half of large model competition, the core is no longer the models themselves but the strength of AI data infrastructure. Data, as the core production factor of AI large models, directly influences model performance and application effectiveness through its quality, timeliness, and processing efficiency. Xunce’s millisecond-level real-time data processing and full-chain data technology system precisely address this industry pain point, becoming a critical infrastructure in the AI ecosystem and an absolute rare target in the AI data field in the Hong Kong stock market.

Final Remarks

Standing at the dual crossroads of AI industry iteration and data element market reform, Xunce’s profit forecast for 2025 not only reflects its operational resilience and growth potential—its revenue surpassing 1.283 billion yuan marks a significant milestone beyond the 1 billion threshold—but also reveals the vast growth space in the real-time data infrastructure track.

As AI large models scale and token calls explode, the entire AI data infrastructure industry is undergoing a key iteration. The business model is shifting from traditional subscription and project-based models to new models based on token calls, training counts, performance-based payments, and revenue sharing, further expanding commercialization and monetization opportunities. This creates broader growth prospects for leading companies in the sector.

With continuous improvement in profitability quality, deep technological barriers, extensive diversification, and innovative business models, Xunce has established a formidable competitive advantage in the AI data track, becoming a core carrier of industry dividends. According to the 2026 government work report, China has elevated artificial intelligence to a national strategic level, emphasizing leading AI R&D and application globally, promoting domestic large models, and accelerating “AI +”, intelligent agent deployment, and key industry commercialization. 2026 is expected to be a critical year for AI to realize value through applications.

Against this backdrop, Xunce’s value proposition extends from performance realization to long-term growth. Its scarcity and growth potential will continue to attract capital market attention, making it a key anchor for institutional deployment in the AI sector. Its long-term investment value warrants higher market expectations and sustained focus.